Terrazas de la Torre Bank Properties
20 January 2013:
.We await full details on the Terrazas de la Torre
bank repossessions which have been taken over by the Spanish government through the SAREB (Banco Malo) set up to absorb repossessed properties and relieve the Spanish banks of their liabilities. These properties were on sale from €62,000 late in 2012 with up to 100% mortgages for foreign buyers. We hope to have news soon of prices and terms as these properties offer one of the best opportunities for a bank repossessed property on the Polaris World resorts in Murcia. Two resorts recently offered by CAM bank sold out in December 2012.
Two Resorts Now Sold Out For Bank Properties
27 March 2012
: Two of our resorts in Murcia are now sold out for bank repossession properties. Although properties do come up from time to time, El Valle and La Torre resorts are not now the best options for bank properties. We have four other superb resorts with many properties reduced to half their original price. However, buyers are urged to act soon as stock is clearing fast as economies and confidence improves. Once the bank owned properties are sold we will not see these prices again. Properties are currently being sold below the cost of build.
Mar Menor Villas Released 100% Mortgages
: We have just had access to a select number of villas on Mar Menor resort
with 100% mortgages. The bank repossessed villas start from just €180,000. Mortgages can be taken as interest only for the first two years. Bank villas on Mar Menor resort are rare and sought after so hurry to avoid disappointment.
Hacienda Riquelme Bank Repossessions Now Half Price!
: Hacienda Riquelme
resort in Murcia recently hosted the Spanish Pro Golf Championship. The town centre opened in September 2010. This is one of the best resorts Polaris World has to offer and we have a small selection of bank repossessed property at discounts of over 50% with high mortgages of 90% for overseas buyers.